What is SoFi do
10/28/2024 07:02pm
SoFi Technologies, Inc. (SOFI) is a financial services company that offers a range of products and services to its customers. Here is a brief overview of what SoFi does:
1. **Lending Services**: SoFi provides lending services, including personal loans, student loan refinancing, and credit cards. It offers personal loans up to $100,000 with same-day funding, and it has introduced two new invite-only credit cards.
2. **Banking Services**: SoFi offers banking services through its SoFi Checking and Savings account, which has no fees and provides FDIC insurance up to $2 million.
3. **Investment Products**: The company provides investment products, including brokerage services and investment accounts.
4. **Financial Planning**: SoFi offers financial planning services and advice to its clients.
5. **Technology and Platform**: SoFi has developed a technology platform that allows it to offer its financial services digitally, making it convenient for customers to access and manage their finances online.
In summary, SoFi is a diversified financial services company that provides lending services, banking services, investment products, financial planning, and technology platforms to its customers.